why is it every trading system has indicators

candle stick is a pure indicator itself why everyone create another indicator that read data price from candle stick?
If indicators can make make people money why people keep searching for indicators.
How many indicator is enough to add on chart? I think we are all conditioned to use indicator to trade
Indicator is just to use for general market strength only. not to use to pinpoint entry and exit.

This is the "Trading Systems" section where members present their
system.
Why did you post your question in this section ?

reasons are...
1. lazy(do not want to be in font of computer)
2. you have to understand the candle... so why don't you using indicator to help you to see.
3. some indicator if you know it, can use it save you a lot of time.
4. not all people like you able to be in font of computer, they are busy.

Good day ForexDao, I believe you should not worry about why others use or do not use indicators, many go through the learning curve using a lot of them then reducing the amount in their charts, generally speaking, you will see the charts of winning traders to have very few of them, some don't have any, both ways are ok... If you use too many you could suffer from annalysis paralisis and contradicting signals, may be if you don't use them you could be missing some insights (i.e. divergence), whatever you use whether it is to pinpoint an entry or to give you the trend feeling (and may be both) do it long enough for you to feel comfortable doing it, simple practice... Indicators are not the answer, your interpretation of them is. I Think you will like the next citation.

"Open yourself to the Dao, then trust your natural responses; and everything will fall into place." - Lao Tzu

Lao Tzu Cool

I was a victim of indicators 3 years ago, just like every others traders out there searching for a holy indicators. 95 % of traders use indicators that's why 95% fail. It's been for 1 year now I trade without indicators very profitable. I have seen and understand the market very well. My system is nothing like any others system out there. It could be considered to be nonsense to a lot of people. Unfortunately it is the fact of the market structure. Believe it or not I really don't care. All I can say this market play one same rule every day but different formations by Big Entity. What we learned is what They use to against us, dump us.
Since I dropped off all the things I learned my trading result is very good.
My S$R is different than the one being taught out there.
My entry is not base on indicators or candle stick formations
My Exit is not the same like others guru traders out there
My stoploss is totally different than most so-called Money Management 30-40 pips ( this is How Broker kill us)
My method is a few lines, price channel and candle chart. that's it
I still wonder what I have discovers. However it it > I am praying this market keep playing the way I see it is.
They don't care Trend like most does. Big Guy have two faces. They can be Buyer, Seller anytime when they see order flow in.
Anyway I am still sharpening my skill until perfect. I do trade live and also demo. here is my demo competition result 745 pips in 2 weeks. hopefully will do better

I can't upload the file i don't know why? have any ideas and how?
cheer

Personal preference I guess. Indicators "indicate" or show when a condition or set of conditions have been met. You still are using indicators, maybe not drawn ones, but mental ones. Whatever floats your boat.

I agree though, I've seen trader dashboards that look more sophisticated than a commercial jet cockpit. Any trade only has two possible outcomes, whereas lift an aircradt 30,000+ feet in the air requires constant monitoring of several systems to ensure safe flight.

Many platforms come with indicators built in, so it encourages people to want to look for something exotic. Some special setting that will always get winning trades.

Thats a rediculous assumption. In my opinion 95% of traders lose for many reasons, not because they use indicators.

The primary reason that 95% of traders lose is fear and greed, and fear and greed have nothing at all to do with indicators.

im agree it, many trader afraid being a losser, that makes their prediction is unhealthy., so they made decision by emotion, not by logic...

my opinion is that people use indicators, because it make them feel like a lot safer making a decision based on indicators than on price action without indicators.
I think it gives them a sense like they know what they are doing.
At first, when i started out, I used a lot of indicators, and tried different things, and thought i knew what i was doing, but obviously I didn't have a clue.

Indicators tend to make some traders go crazy, soon they opt for all the indicators and lump it all together in one chart..so yea, reading it is going to be a doozy.
Indicators do help, yes but you cannot depend on indicators alone to show you the way. YOu need to have a strategy, backtest the same, use a few select indicators and set the entry and exit positions..